Saturday, October 24, 2020

Zapping Fraud

A sales zapper is a software tool that is used by fraudsters who want to falsify the electronic records for a point of sales system for the purpose of committing tax evasion. A Milan, Illinois business owner relied on one to help her steal...

Taking the Government on a Ride

The owners of a Columbus, Ohio medical transportation company attempted to take three government agencies on a very costly ride. But, the Medicare and Medicaid programs and the Internal Revenue Service (IRS) put a stop payment on the $3.3 million fare to cover the...

The Old Bait and Switcheroo

The “Bait and Switch” sales tactic has been around for a long time. It’s commonly used to attract someone to a good deal, then the customer ends up with something else, usually for a higher price.

Two Peas in a Fraud Pod

A man who previously served as a police officer in New York has been convicted of committing Social Security disability fraud and tax evasion. The man from Campbell Hall, New York, who claimed to be disabled, double dipped by collecting $1.6 million from working...

One Way or Another

The Internal Revenue Service (IRS) lists 2,235 forms and publications. (It’s no wonder that the tax season is dreaded by so many. With that number of forms available, how in the heck do you know which one to use?) Perhaps this is why it...

Blank Check

Giving someone a blank check is like giving them financial freedom. The recipient fills in the dollar amount and the owner of the checking account pays up. (Obviously, this is a dangerous position to be in if you are the owner of the checking account.) A...

From the Gridiron to the Chain Gang

From gridiron star to businessman to prison inmate. That is the unlikely journey of a former Florida State University (FSU) football standout who was indicted on federal charges of filing false tax returns through his tax-preparation business. Kenneth Alexander, a starting linebacker...

Hangry

There are some things that are ok to skim – like news headlines, a rock across a lake, or a layer of fat if you’re frying ground beef for tacos. It’s NOT ok to skim cash from your company’s sales receipts. In today’s tax fraud...

Politicians and Criminals

Despite popular opinion, not all politicians are criminals. However, today’s fraudsters are linked to politician wanna-be’s who are now officially considered to be criminals. Two Winston-Salem men and two aspiring politicians worked together to file 519 false tax returns in a tax fraud scheme that attempted...

Cheating with Cheddar

Warning to all readers: this blog post is cheesy. Today’s fraudster used all types of cheese plus lettuce, tomato, hot peppers, olives, pickles and deli meat to commit more than half a million dollars in tax fraud. (It’s possible that you may crave a sub sandwich...
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